Brokerages Set Tetra Technologies, Inc. (NYSE:TTI) PT at $10.25

Shares of Tetra Technologies, Inc. (NYSE:TTI) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.25.

TTI has been the topic of a number of analyst reports. CJS Securities initiated coverage on Tetra Technologies in a research report on Thursday, December 11th. They set an “outperform” rating and a $11.50 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a research note on Friday, January 9th. Northland Securities lifted their price target on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research note on Wednesday, December 31st. Stifel Nicolaus boosted their price target on shares of Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Clear Str downgraded shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th.

Tetra Technologies Price Performance

NYSE:TTI opened at $8.42 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.28. The company has a 50 day moving average price of $10.18 and a 200-day moving average price of $8.46. Tetra Technologies has a 1-year low of $2.03 and a 1-year high of $12.54. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 420.75 and a beta of 1.20.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $146.68 million for the quarter, compared to analysts’ expectations of $140.98 million. Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%. Equities research analysts forecast that Tetra Technologies will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Tetra Technologies

Several institutional investors have recently bought and sold shares of TTI. AQR Capital Management LLC raised its holdings in shares of Tetra Technologies by 87.3% during the first quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock valued at $405,000 after acquiring an additional 56,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Tetra Technologies by 125.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock valued at $544,000 after purchasing an additional 90,001 shares in the last quarter. Jane Street Group LLC lifted its holdings in Tetra Technologies by 389.7% in the 1st quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock valued at $756,000 after purchasing an additional 302,793 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tetra Technologies by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 2,919,275 shares of the oil and gas company’s stock worth $9,810,000 after purchasing an additional 99,381 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in Tetra Technologies during the 2nd quarter worth $44,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.